2200-2290 Bristol RdBensalem, PA 19020

For Sale
$13,380,000
Added:
Dec 11, 2024
Days on market:
93

Highlights

  • Grocery-anchored shopping center with ShopRite and CVS representing 93% of the center.
  • ShopRite, a market leader in Philadelphia, has operated in this center since 1999, recently extending its lease by 10 years and investing $2.5 million in capital improvements. Rent increases are scheduled every 5 years.
  • CVS Pharmacy (NYSE: CVS, S&P: BBB Investment Grade) operates over 9,000 locations nationwide and has been in this center since 1999, recently extending its lease by 10 years. The location offers an ideal drive-through setup.
  • 100% national tenants including ShopRite, CVS, Verizon, and T-Mobile (cell tower).
  • Attractive in-place non-recourse life insurance debt with a 3.50% interest rate, 51% LTV, maturing August 2030.
  • Below replacement cost at $199 per square foot.

Property Details for 2200-2290 Bristol Rd

Property type
Other retail properties, Individual retail properties
Square Feet
67,215 SF
Year Built
1999
Lot Size (sq. ft)
408,593 SF

Location Insight

City
Bensalem
County
Bucks
State
Pennsylvania
Latitude
40.130155045304
Longitude
-74.92385798478
2200-2290 Bristol Rd, Bensalem, Pennsylvania

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2200-2290 Bristol Rd
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